BABA, bull flag

NYSE:BABAALIBABA GROUP HOLDING LTD AMERICAN DEPOSITARY SHARES EACH REPRESENTING ONE ORDINARY SHARE

30505

Price found first indication of support at ~106 and now bound by 110.12 (Fib 1.618)
It will be very bullish if price broke out of 110.12 ( bull flag ) inside an uptrend channel , but take note that a fake out
to retest 106 level is not rule out.